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Property profile & analytics
OFF-MARKET
Commercial land
Armistead Blvd, Holt, FL 32564
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-1882129
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2010
Total area
492 SF
Lot
2.39 ac (104,160 SF)
APN
09-2N-25-0000-0018-003H
UPID
US18-1882129
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Source Construction & Development L · 3 yrs held
Source Construction & Development L
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Holt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holt submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$229
Tax year 2023
Assessed value
$19,221
Assessed 2023
Previous assessed
$18,220
+5.5% YoY
Effective rate
1.19%
On assessed value
Assessed land
$18,010
Assessed improvement
$1,211
Land market value
$18,010
Improvement market value
$1,211
Total market value
$19,221
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
3
Total area
492 SF
Lot
2.39 ac (104,160 SF)
APN
09-2N-25-0000-0018-003H
UPID
US18-1882129
Jurisdiction
OKALOOSA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2010
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Lot
2.39 ac
Current owner
From public records · entity-resolved
Source Construction & Development L
Entity
Free & Clear · 3 yrs held
Mailing address
308 W JAMES LEE BLVD, CRESTVIEW, FL 32536-2636
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
Riviera Industrial Hlt LLC
—
Deed
related
$2,500,000 · Standard Insurance Co
Dec 14, 2022
$500,000
Source Construction & Development L
Pfs Development LLC
Warranty Deed
—
May 18, 2022
$2,450,000
Riviera Industrial Hlt LLC
Stanley Commercial Properties LLC
Warranty Deed
$1,762,500 · The First A National Banking Assn
Dec 27, 2021
—
Rsw Foundation LLC
James R Watts
Warranty Deed
—
Jan 27, 2016
$12,500
Jrw Investments LLC
Hcb Financial Corp
Warranty Deed
—
Jun 11, 2013
—
Hcb Financial Corp
B & H Contracting INC Coc
Trustees Deed
related
—
Oct 9, 2009
$90,000
B & H Contracting INC
Adm Investments LLC
Corporation Deed
$90,000 · Adm Investments INC
Mar 8, 2005
$45,000
Adm Investments LLC
Gieger,arthur C JR
Warranty Deed
—
Jun 29, 2004
$10,000
Arthur C Gieger JR.
Okaloosa Community Dev Corp
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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